Crypto holidays: Destinations and how digital coins actually help you save money when traveling

The emergence of technology has opened the door to many opportunities, and thanks to the existence of cryptocurrencies, we can now plan a holiday using them. There are plenty of advantages to traveling with cryptocurrencies. For example, digital coins can actually save costs and be more accessible, especially for paying fewer fees. This is why we can enjoy a crypto holiday, where we no longer need to rely on traditional payment methods. 

One of the downsides of using fiat currencies when traveling is having to pay high fees, which is why many individuals have started to be interested in crypto holidays. If you also want to take part in the crypto revolution in traveling, you should first add cryptocurrencies to your portfolio. In this regard, look at the crypto markets to discover which digital coins are the most suitable for your needs and preferences. 

In this article, we will explore how cryptocurrencies can help you save money and the best destinations to consider when you want to enjoy a crypto holiday. 

How can you actually save money when paying with digital coins on your trips? 

Pay lower transaction fees

When you need to pay with fiat money when traveling, you will have to consider the transaction fees. They are often high but mandatory so that you can use a traditional currency that is different from the one you have in your bank account. However, cryptocurrencies remove these challenges, as they are decentralized assets, meaning they work without any intermediary. So, when paying with digital coins, you can actually get rid of these high fees, which is a fantastic bonus, especially when you need to make international payments. 

Pay less with the help of exclusive discounts

As paying with digital coins is a newer concept, many travel companies have started offering discounts to users who use cryptocurrencies for a trip. These discounts are for flights, hotel bookings, and other activities to try in a new place. In addition, there are companies in the travel industry that offer reward cashback and programs that can cover a lot of travel-related expenses. 

What are the best destinations where you can plan a crypto holiday? 

El Salvador

El Salvador has important ties with digital coins, as this country accepted Bitcoin as legal tender in 2021. As a result of this action, El Salvador became the perfect destination for individuals who want to pay with digital coins when traveling. El Salvador has increased its tourism rate with this approach, which is an essential milestone for this digital coin. 

Plus, there is a lot to see and do in El Salvador, where individuals can use their digital coins. Some of the available activities are volcano excursions or visiting the Bitcoin Beach in El Zonte. El Salvador has also created its own wallet, Chivo Wallet, where individuals can store their digital coins safely. Bitcoin Beach is a sought-after destination for travelers, who can use Bitcoin when they are buying at plenty of shops, including McDonald’s or Starbucks. 

Other important factors that make El Salvador a great destination when planning a crypto holiday are its abundance of Bitcoin ATMs and good tax incentives. 

Malta

Malta is a perfect place to plan a summer holiday. But what if we told you that this destination is also suitable for crypto enthusiasts? Malta is indeed a paradise for those who want to use their digital coins. Malta has also been associated with being a blockchain island, where the government is very friendly with legislation in this region. For example, the one that encourages users and Malta visitors to support innovation is the Virtual Financial Assets Act (VFAA). 

So, travelers can book hotels and pay with digital coins, eat at restaurants with their crypto finds, and even go to the gym by paying with digital coins. 

Switzerland

Switzerland is also a great location for a crypto holiday, especially in Zug. Zug has many ties with the crypto ecosystem, as it was the city where Vitalik Buterin, together with other developers, developed Ethereum. Zug also received the nickname of the Crypto Valley, which contributes even more to making this destination perfect when you want to travel using your digital coins. Besides the successful Ethereum project, Zug is also home to more than 1,000 companies. 

This proves that Switzerland is very friendly with all crypto initiatives and has started to encourage businesses to accept payments with digital coins. 

Portugal

Portugal is also a fantastic destination for planning a vacation and finding out where to use your digital coins. This occurs because of the great legislation of this country. For instance, individuals who keep their digital coins for more than 12 months will enjoy a 0% capital gains tax. Other than this, Portugal is home to plenty of cities where you can pay with digital coins for everything you need. Some of the crypto-friendly towns in Portugal are Lisbon and Porto. 

In Portugal, you can pay with digital coins at restaurants or when buying football merchandise, as S.L. Benfica started revolutionizing its operations and allowing fans to pay with digital coins. Additionally, Portugal often hosts conferences about crypto and blockchain. 

Last remarks

The integration of digital coins in the travel industry has opened the door to plenty of opportunities. Thanks to this emergence, travelers worldwide can enjoy more possibilities and use their digital coins in a real way. Cryptocurrencies bring more control for travelers, as digital coins are not in the hands of intermediaries. Additionally, digital coins are better for borderless payments, as fiat money is subject to high transaction fees, which don’t apply to digital coins. Plus, cryptocurrencies work with the help of blockchain technology, which also brings a lot of security. In this way, travelers can enjoy better peace of mind when they are exploring what another destination has to offer.